Skeena Exercises Option to Acquire Snip

VANCOUVER, BC--(Marketwired - July 31, 2017) - Skeena Resources Limited (TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce that it has exercised its option (the "Option") to acquire a 100% interest in the past-producing, high-grade Snip gold property ("Snip" or the "Property") located in the Golden Triangle of British Columbia from Barrick Gold Corp. ("Barrick"). The Option was granted pursuant to an option agreement (the "Option Agreement") between Skeena and Barrick dated March 22, 2016. The Property consists of one mining lease and four mineral tenures totaling approximately 1,932 hectares in the Liard Mining Division. The Snip mine produced approximately 1.1 million ounces of gold from 1991 until 1999 at an average gold grade of 27.5 g/t.